S eBook eferences At the end of the year, Mercy Cosmetics' balance of Allowance for Uncollectible Accounts is $570 (credit) before adjustment. The balance of Accounts Receivable is $23,500. The company estimates that 12% of accounts will not be collected over the next year. What adjusting entry would Mercy Cosmetics record for Allowance for Uncollectible Accounts? (If no entry is required for a particular transaction/event, select "No Journal Entry Required" in the first account field.) View transaction list Journal entry worksheet

Al the end of the year, Mercy Cosmetics' balance of Allowance for Uncollectible Accounts is $570 (credil before adjustment. The balance of Accounts Receivable is $23,500. The company estimates that 12% of accounts will not be collected over the next year. What adjusting entry would Mercy Cosmetics record for Allowance for Uncollectible Accounts? (If no entry is required for a particular transaction/event, select "No Journal Entry Required" in the first account field.) Journal entry worksheet Record the adwasting entry for Allowance for Uncollectible Accounts